HB Wealth Management LLC Takes $206,000 Position in BHP Group Limited (NYSE:BHP)

HB Wealth Management LLC acquired a new stake in BHP Group Limited (NYSE:BHPFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,019 shares of the mining company’s stock, valued at approximately $206,000.

Several other hedge funds have also modified their holdings of the stock. Mutual Advisors LLC raised its stake in shares of BHP Group by 3.1% in the fourth quarter. Mutual Advisors LLC now owns 5,541 shares of the mining company’s stock valued at $379,000 after acquiring an additional 165 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in BHP Group in the fourth quarter valued at $163,000. SG Americas Securities LLC raised its stake in BHP Group by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 30,581 shares of the mining company’s stock valued at $2,089,000 after buying an additional 2,047 shares in the last quarter. Archford Capital Strategies LLC raised its stake in BHP Group by 12.2% in the fourth quarter. Archford Capital Strategies LLC now owns 8,897 shares of the mining company’s stock valued at $608,000 after buying an additional 965 shares in the last quarter. Finally, Norway Savings Bank raised its stake in BHP Group by 3.6% in the fourth quarter. Norway Savings Bank now owns 17,115 shares of the mining company’s stock valued at $1,169,000 after buying an additional 595 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BHP shares. Liberum Capital restated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average target price of $50.00.

Check Out Our Latest Stock Analysis on BHP

BHP Group Stock Performance

Shares of BHP stock opened at $57.69 on Friday. The stock’s 50-day moving average is $58.80 and its two-hundred day moving average is $59.92. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a dividend of $1.44 per share. This represents a dividend yield of 5.2%. The ex-dividend date was Thursday, March 7th.

BHP Group Profile

(Free Report)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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